The South African Civil Society Information Service
A nonprofit news agency promoting social justice. Seeking answers to the question:
How do we make democracy work for the poor?
A nonprofit news agency promoting social justice. Seeking answers to the question:
How do we make democracy work for the poor?
Most people agree that we need to improve our economic system somehow. Yet we're also often keen to dismiss the ideas of capitalism's most famous and ambitious critic, Karl Marx. This isn't very surprising. In practice his political and economic ideas have been used to design disastrously planned economies and nasty dictatorships. Nevertheless, we shouldn't reject Marx too quickly. We ought to see him as guide whose diagnosis of capitalism's ills helps us to navigate towards a more...
"Just to get to the point in which public policy is genuinely focused on providing a maximum amount of job opportunities and well-being for people would be a major achievement," says Robert Pollin, Professor of Economics at the University of Massachusetts in Amherst, as he talks about how to achieve full employment under capitalism.
Watch this clip for a quick breakdown of the differences between economic theories Marxism, Keynesianism and neoliberalism.
Editors's Note: You...
